According to the public record, Flat 23, Ritchie House, London is a mid-century leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Ritchie House, Howland Estate, London, SE16.
Howland Estate, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat 23, Ritchie House, London has a single entry in the Land Registry database from December 2022 and a single entry in the EPC database dated August 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 23 Ritchie House London as £364,454 and the rental value as £2,072 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 23 Ritchie House London has decreased by £367 (0.1%) and its rental value has increased by £75 per month (3.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 23, Ritchie House, London is in very good condition we estimate a sale value of £382,677 and rental value of £2,175 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £338,942 and a rental value of £1,927 per month.
If you were able to purchase this property for the estimated value of £364,454, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,791 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 23, Ritchie House, London was last sold on 16 Dec 2022 for £325,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2022, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 23, Ritchie House, London within a radius of 350 metres over the last 2 years.
The most recent example is Flat 7, Courthope House, Lower Road, London, SE16 2XH, a Leasehold flat which sold for £413,000 in Apr 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Howland Estate, London, SE16 has a total of 54 addresses. According to our analysis of all the public data, Flat 23, Ritchie House, London is the 42nd largest and the 25th most expensive property on the street.
When compared to the postcode district it is £109k less expensive than the average property in SE16.
Flat 23, Ritchie House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Aug 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 23, Ritchie House, London is Canada Water station which is 200 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 23, Ritchie House, London, 43.7% of property is socially rented and 36.1% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 23, Ritchie House, London, 20.6% of residents are recorded as possessing school level qualifications and 50.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 23, Ritchie House, London, the average age was 34.1 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 23, Ritchie House, London, 0.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 23, Ritchie House, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.